Home Topics National Payments System

National Payments System

Central bank to sanction banks for e-payment breach

Bank chiefs who breach Central Bank of Nigeria’s (CBNs) e-payment reporting rules, including using unapproved third party end-to-end payment solution are to face sanctions, the apex bank said on Tuesday.

Fidelity Bank signs MoU with OTF, adopts open banking

Consistent with its commitment to the adoption of innovative digital technology to drive its retail strategy, reduce cost and improve revenue and returns, Fidelity Bank has signed a Memorandum of Understanding with Open Technology Foundation (OTF) for the adoption of a standard Application Programming Interface (API) for its operations as a financial institution.
Central Bank of Nigeria - CBN

Central bank directs banks to resolve USSD disputes in three days

The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days.

Recent Stories

PenCom directs PFAs to implement pension enhancement for retirees

The National Pension Commission, PenCom, on Monday directed Pension Fund Administrators to implement pension enhancement for retirees on Programmed Withdrawal under the Contributory Pension Scheme.
Reiner Jesus in training with the Brazil U23 team Lucas Figueiredo - Official Photographer of the Brazilian National Football Team

Real Madrid complete signing of Brazilian attacking midfielder

Real Madrid have completed the signing of teenage Brazilian prospect Reinier from Flamengo on a six-and-a-half-year deal, the Spanish giants announced on Monday.
The National Youth Service Corps (NYSC) has deployed 1,400 corps members to Gombe State for the 2019 Batch B Stream II orientation course.

NYSC member down with Lassa fever in Delta

A male youth corps member (name withheld) serving in Delta State has been diagnosed with the Lassa fever virus.
In the aftermath of the European Parliament, the legislative hand of the European Union (EU), having said that no progress has been made in the war against Boko Haram in Nigeria, President Muhammadu Buhari said things were a lot better. 6

Counterinsurgency: Things are a lot better – President Buhari tells Boris Johnson

In the aftermath of the European Parliament, the legislative hand of the European Union (EU), having said that no progress has been made in the war against Boko Haram in Nigeria, President Muhammadu Buhari said things were a lot better.
Nigeria Police

17 people killed in Katsina road crash

The Katsina State Police Command has confirmed 17 persons killed in a road crash at Yardudu village, Mashi Local Government Area of Katsina State.